Rents are especially sensitive to location in Columbia area.

I had several applicants let me know that they felt the process to be invasive and there were non performance concerns about statutory legal violations in California regarding tenant fees, reports, and refunds...which they don’t do, and what happens to their sensitive personal $$ info.Turbo Tenant is a very different experience for property owner/investor and applicants/tenants.  

By contrast, secondary markets and deals with a restrained mark-to-market opportunity can see pricing in the 5% to 6% band, as investors in these markets are less willing to apply negative leverage beyond the first couple of years.

SmartMove removes the applicant’s social security number for their privacy and to relieve the landlord of the responsibility of securely storing this sensitive information.

This means that all interactions such as buying a property, paying for expenses and receiving income take paperwork, delay and processing fees.The alternative, which is generally superior for a time-sensitive and transaction intensive asset such as rental property is the IRA LLC.  

You can buy and hope for continued appreciation to outpace the negative rental income (not a strategy I’m a fan of) you can put more down to get more cash flow at the risk of a lower coc return or you can put your money in a less interest rate sensitive sector such as stocks or bonds.

Now, rehab/flip an existing 4plex, done all the time, and price sensitive. 

These tenants will make their next move into an assisted living, some are very price sensitive, under market rent, and/or not really and truly able to fully care for themselves or their spaces and we generally try to gently nudge these tenants into more 'assisted' living situations be it with family or professionals.

Getting 5 star reviews is a learning curve as you need to be a good communicator and be sensitive to guest needs, staying booked is about demand and whether your place is priced appropriately.

Especially if you're very cost sensitive.